About 100 London-based Goldman partners earned an unusual mid-year bonus of tens of millions of pounds in stock this August.
Goldman Sachs has secretly handed its top London-based employees tens of millions of pounds-worth of free shares following a decision to cap their pay in the wake of this year’s Labour Government tax on bank bonuses.
There are two issues here – how they got the bonuses and why. The bonuses represent an interesting compromise between Goldman, its partners, and the FSA.
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